Changes to Board Committee Composition

9 October 2020

Glenveagh Properties plc

Changes to Board Committee Composition

Dublin/London, 9 October 2020: Glenveagh Properties plc ("Glenveagh" or the "Company") today announces that, having considered the corporate governance arrangements of the Company, the Board has approved the separation of the Remuneration and Nomination Committee into two new committees.

The Company will establish a Remuneration Committee and, separately, a Nomination Committee, in place of the existing Remuneration and Nomination Committee with effect from 9 October 2020.

The Remuneration Committee will be chaired by Richard Cherry, who has served as Chair of the existing Remuneration and Nomination Committee since his appointment at IPO. Pat McCann will assume the role of Chair of the Nomination Committee.    

The composition of each of the committees is fully aligned with the provisions of the 2018 UK Corporate Governance Code and is detailed below:

For further information please contact:

Chloe McCarthy

Group Company Secretary

[email protected]

Note to Editors

Glenveagh Properties plc, listed on Euronext Dublin and the London Stock Exchange, is a leading Irish homebuilder with a focus on strategically located developments in the Greater Dublin Area, Cork, Limerick and Galway.

Glenveagh delivers across three distinct business segments - Suburban, Urban and Partnerships - as a single business, capitalising on scale advantages and investing to optimise return on capital.

www.glenveagh.ie